Chicago, Jan. 30 – Citigroup Global Markets Holdings Inc. priced $1.91 million of 0% autocallable contingent barrier notes due May 2, 2024 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
The notes will be called at par plus 13.2% annual premium if the index closes above its initial index level on either May 12, 2023 or the final validation date.
At maturity, if the index is greater than its initial level, the payout will be the greater of par plus 26.4% or the return of the index.
If the index declines but finishes above its 85% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to the losses of the index.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable contingent barrier notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,905,000
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| Maturity: | May 2, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, greater of par plus 26.4% or par plus return of index; par if index declines but finishes above final barrier level; otherwise, full exposure to losses of index
|
| Call: | Par plus 13.2% if index closes above initial level on May 12, 2023
|
| Initial level: | 4,131.93
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| Final barrier level: | 3,512.141, 85% of initial level
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| Pricing date: | April 29, 2022
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| Settlement date: | May 4, 2022
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.5%
|
| Cusip: | 17330FFX4
|
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